High street fashion suffers worst month since 2009

Fashion retailers on the high street endured their worst month since 2009, with sales slumping 3.5 per cent year-on-year in July. According to the BDO High Street Sales Tracker, UK retailers started the month feeling confident after a strong June, with many expecting to clear their summer stock in July. However, shoppers endeavored to prioritise essential spending due to general consumer sentiment around rising inflation and falling real wages